Soundvest Split Trust (TSX:BSD.PR.A.PFD) ROCE % : -24.83% (As of Dec. 2018)

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What is Soundvest Split Trust ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Soundvest Split Trust's annualized ROCE % for the quarter that ended in Dec. 2018 was -24.83%.

Soundvest Split Trust ROCE % Historical Data

The historical data trend for Soundvest Split Trust's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Soundvest Split Trust ROCE % Chart

Soundvest Split Trust Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

ROCE %

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-0.47

-8.62

31.03

1.73

-12.96

Soundvest Split Trust Semi-Annual Data
	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18
ROCE %	Get a 7-Day Free Trial															41.67	1.24	3.87	-1.37	-24.83

Soundvest Split Trust ROCE % Calculation

Soundvest Split Trust's annualized ROCE % for the fiscal year that ended in Dec. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	-2.257	/	( ( (20.026 - 0.163)	+	(15.137 - 0.169) )	/ 2 )
	=	-2.257	/	( (19.863	+	14.968)	/ 2 )
	=	-2.257	/	17.4155
	=	-12.96 %

Soundvest Split Trust's ROCE % of for the quarter that ended in Dec. 2018 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2018 )		(Q: Jun. 2018 )		(Q: Dec. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2018 )		(Q: Jun. 2018 )		(Q: Dec. 2018 )
	=	-4.246	/	( ( (19.355 - 0.121)	+	(15.137 - 0.169) )	/ 2 )
	=	-4.246	/	( ( 19.234	+	14.968 )	/ 2 )
	=	-4.246	/	17.101
	=	-24.83 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2018) EBIT data.

Soundvest Split Trust (TSX:BSD.PR.A.PFD) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Soundvest Split Trust ROCE % Related Terms

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Soundvest Split Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Soundvest Split Trust (TSX:BSD.PR.A.PFD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

100 Sparks Street, 9th Floor, Ottawa, ON, CAN, K1P 5B7

Website

http://www.soundvestcapital.com

Soundvest Split Trust is a Canada based fund. It invests in a diversified portfolio consisting of common and preferred shares of Canadian issuers, income securities, bonds and debentures, income trusts, real estate investment trusts (REITs), Canadian mortgage-backed securities, and cash and cash equivalents. The fund's investment objectives are to provide unitholders with a stable stream of quarterly distributions and maximize long-term total return to unitholders. Geographically, the company operates in Canada region.

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